Question

An education budget went from $800,000 to $900,000. what is the approximate percent increase?

Answer 1

Answer: 12.5 %

Explanation:

Previous education budget=$800,000

Next education budget= $900,000

Increase in education budget= Next education budget-Previous education budget

`=\$900,000-\$800,000\\=\$100,000`

Percent increase
`=\frac{\text{Increase in education budget}}{\text{Previous education budget}}*100`

`=(\$100,000)/(\$800,000)*100`

`=(1)/(8)*100\\\\=12.5\%`

The approximate percent increase is 12.5%.

Answer 2

First, calculate the difference between the two given budgets. $900,000 - $800,000 = $100,000. Divide the difference obtained by the original budget and then multiply by 100%
($100,000 / $800,000) x 100% = 12.5%

Thus, the answer to the question above is that the percent increase is 12.5%.